Why Nordstrom Stock Popped Today

Shares of the department store chain Nordstrom (NYSE: JWN) jumped 3.3% through 1 p.m. ET on Thursday after beating analyst forecasts for first-quarter earnings last night. Heading into the quarter, analysts were feeling pretty downbeat about Nordstrom, predicting the retail stock would lose $0.08 per share on sales of $3.12 billion. As it turned out, sales came in at a healthy $3.18 billion, and instead of losing money, Nordstrom earned a surprise profit of $0.07 per share!